Net Family News Inc in Salt Lake Cty, Utah (UT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Utah
| Net Family News Inc | |
| Employer Identification Number (EIN) | 061550399 |
| Name of Organization | Net Family News Inc |
| In Care of Name | Eide Bailly Llp |
| Address | 5 Triad Ctr Ste 750, Salt Lake Cty, UT 84180-1128 |
| Subsection | Educational Organization |
| Ruling Date | 06/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $286,061 |
| Amount of Income | $359,164 |
| Form 990 Revenue Amount | $271,265 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $342,206 | $2,636 | $2,636 | |
| Contributions, gifts, grants, etc., received | $166,574 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $384 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $172,996 | |||
| Other | $2,252 | |||
| Total expenses and disbursements | $357,113 | $98 | $98 | $355,932 |
| Compensation of officers, directors, trustees, etc. | $210,000 | |||
| Total operating and administrative expenses | $357,113 | $98 | $355,932 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-14,907 | |||
| Net investment income | $2,538 | |||
| Adjusted net income | $2,538 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $300,035 | $300,035 |
| Cash - non-interest-bearing | $103,232 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $196,803 | |
| Total liabilities | $1,397 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,397 | |
| Total liabilities and net assets/fund balances | $298,638 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $2,252 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $51 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $51 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $266,375 |
| Net value of noncharitable-use assets | $262,380 |
| Minimum investment return | $13,119 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $2,538 | $132 | $268 | $1,748 | $4,686 |
| Qualifying distributions made directly for active conduct of exempt activities | $355,932 | $331,365 | $316,200 | $292,560 | $1,296,057 |
| Value of all assets | $300,035 | $325,717 | $372,351 | $316,588 | $1,314,691 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $300,035 | $325,717 | $372,351 | $316,588 | $1,314,691 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Navcur Foundation | 107 Woodside Dr, Provo, UT 84604-4423 | UT | 2005-06 | $1 |
| 2 | Navigator Pointe Academy | 6844 S Navigator Dr, West Jordan, UT 84084-4405 | UT | 2006-08 | $3,087,903 |
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| 5 | Nebo Education Foundation | 350 S Main St, Spanish Fork, UT 84660-2408 | UT | 1995-10 | $174,576 |
| 6 | Neighborhood House Association | 1050 W 500 S, Salt Lake Cty, UT 84104-1319 | UT | 1943-03 | $2,351,822 |
| 7 | Neighborhood Housing Services Of Provo Inc | 39 W 300 N, Provo, UT 84601-2841 | UT | 1995-03 | $636,478 |
| 8 | Neighborhood Nonprofit Housing Corporation | 195 Golf Course Rd Ste 1, Logan, UT 84321-6081 | UT | 1996-12 | $2,509,066 |
| 9 | Nelson-Gibbs Family History Foundation | 875 N 500 W, Brigham City, UT 84302-1539 | UT | 1988-06 | $1 |
| 10 | Nepal Cleft & Burn Center Inc | 1464 S Foothill Dr, Salt Lake Cty, UT 84108-2342 | UT | 2007-10 | $92,489 |
| 11 | Net Family News Inc | 5 Triad Ctr Ste 750, Salt Lake Cty, UT 84180-1128 | UT | 2000-06 | $359,164 |
| 12 | Netware Users International North America Inc | PO BOX 19684, Provo, UT 84605-9684 | UT | 1995-07 | $0 |
| 13 | Networked Digital Library Of Theses And Dissertations, Ndltd | 2821 Hbll, Provo, UT 84602-6900 | UT | 2005-09 | $23,643 |
| 14 | Nevada Petroleum Marketers & Convenience Store Association | PO BOX 571500, Murray, UT 84157-1500 | UT | 2003-08 | $113,168 |
| 15 | New American Philharmonic Symphony Orchestra Ballet And Opera Assoc | 257 37th St, Ogden, UT 84405-1625 | UT | 1998-02 | $97,607 |
| 16 | New Car Dealers Of Utah Goodwheels Charitable Foundation | 1588 South Main Street, Salt Lake City, UT 84115-5359 | UT | 2008-06 | $232,742 |
| 17 | New Destination Foundation | PO BOX 1451, Provo, UT 84603-1451 | UT | 2007-12 | $3,250 |
| 18 | New Frontiers For Families | PO BOX 207, Tropic, UT 84776-0207 | UT | 2003-05 | $627,949 |
| 19 | Dyslexia Center Of Utah-New Heights Inc | 4649 W 10600 N, Highland, UT 84003 | UT | 2000-09 | $336,125 |
| 20 | New Hope Crisis Center Of Box Elder County | 435 E 700 S, Brigham City, UT 84302-3319 | UT | 1989-09 | $393,532 |
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